{"id":93389,"date":"2025-10-20T21:24:07","date_gmt":"2025-10-20T21:24:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/93389\/"},"modified":"2025-10-20T21:24:07","modified_gmt":"2025-10-20T21:24:07","slug":"nvidia-backed-cohere-to-offer-secondary-sale-of-employee-shares","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/93389\/","title":{"rendered":"Nvidia-Backed Cohere to Offer Secondary Sale of Employee Shares"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Cohere Inc., the Nvidia Corp.-backed artificial intelligence startup that raised funds at a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-24\/nvidia-backed-cohere-valued-at-7-billion-as-new-capital-flows-in\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">$7 billion<\/a> valuation a month ago, is holding a so-called tender for employees who want to sell their stakes in the company to outside investors.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">Current employees are being offered the chance to participate in the secondary sale, the company said Monday, as opposed to waiting for a public listing or takeover to cash out. The firm, co-headquartered in Toronto and San Francisco, also said it has reached $150 million in annualized revenue, a projection of a company\u2019s sales over the course of a year based on recent performance. That\u2019s up from $100 million in May. <\/p>\n","protected":false},"excerpt":{"rendered":"Cohere Inc., the Nvidia Corp.-backed artificial intelligence startup that raised funds at a $7 billion valuation a month&hellip;\n","protected":false},"author":2,"featured_media":93390,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,15704,59034,61,60,99,1673,10679,5685,1884,80,1041,18976],"class_list":{"0":"post-93389","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-chief-executive-officer","12":"tag-cohere-inc","13":"tag-ie","14":"tag-ireland","15":"tag-london","16":"tag-nvidia-corp","17":"tag-san-francisco","18":"tag-software","19":"tag-startups","20":"tag-technology","21":"tag-toronto","22":"tag-valuation"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/93389","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=93389"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/93389\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/93390"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=93389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=93389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=93389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}